Sunoco (NYSE:SUN) had its price objective reduced by Wells Fargo & Co from $30.00 to $29.00 in a research note released on Thursday, September 13th. Wells Fargo & Co currently has a market perform rating on the oil and gas company’s stock.
Several other equities analysts have also recently commented on the company. Zacks Investment Research upgraded Sunoco from a strong sell rating to a hold rating in a research report on Wednesday, August 15th. Raymond James reiterated a buy rating on shares of Sunoco in a report on Monday, August 13th. Jefferies Financial Group upgraded Sunoco from an underperform rating to a hold rating and set a $30.00 price objective for the company in a report on Wednesday, July 18th. B. Riley set a $32.00 price objective on Sunoco and gave the stock a hold rating in a report on Monday, June 4th. Finally, ValuEngine lowered Sunoco from a hold rating to a sell rating in a research note on Tuesday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Sunoco currently has an average rating of Hold and an average target price of $30.87.
Shares of SUN traded down $0.02 during mid-day trading on Thursday, hitting $30.42. The stock had a trading volume of 272,200 shares, compared to its average volume of 391,724. The firm has a market cap of $2.92 billion, a PE ratio of 13.28 and a beta of 0.80. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.07 and a quick ratio of 0.67. Sunoco has a 52 week low of $24.46 and a 52 week high of $33.11.
Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The firm’s quarterly revenue was up 59.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.59) earnings per share. Sell-side analysts anticipate that Sunoco will post 2.3 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in SUN. Optimum Investment Advisors bought a new position in shares of Sunoco in the 1st quarter worth approximately $102,000. BNP Paribas Arbitrage SA bought a new position in shares of Sunoco in the 1st quarter worth approximately $120,000. Winslow Evans & Crocker Inc. bought a new position in shares of Sunoco in the 2nd quarter worth approximately $190,000. Quad Cities Investment Group LLC bought a new position in shares of Sunoco in the 1st quarter worth approximately $264,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Sunoco in the 2nd quarter worth approximately $271,000. 28.60% of the stock is owned by hedge funds and other institutional investors.
Sunoco Company Profile
Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.
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